Which of the Following Is True About a 95% Confidence

question 3

Multiple Choice

Which of the following is true about a 95% confidence interval of the mean:

• A)95 out of 100 confidence intervals will contain the population mean.
• B)95 out of 100 sample means will fall within the limits of the confidence interval.
• C)95% of population means will fall within the limits of the confidence interval.
• D)There is a 0.05 probability that the population mean falls within the limits of the confidence interval.

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Definitions:

Compounded Monthly

A specific type of compounding where interest is calculated and added to the principal balance monthly.

Principal

The original amount of money borrowed or invested, before interest or profits.

Geometric Sequence

A sequence of numbers where each term after the first is found by multiplying the previous one by a fixed non-zero number called the ratio.

N Th Partial

Relates to the nth term in a sequence, often used in the context of partial sums.